What does the Face Foundrie Area Developer acknowledge and agree to regarding the Development Schedule?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
Recognizing that time is of the essence, Area Developer shall comply strictly with the Development Schedule.
Area Developer acknowledges and agrees that the Development Schedule requires that Area Developer have executed and delivered to Franchisor Franchise Agreements for a cumulative number of Franchised Facial Bars by the end of the time periods specified in Exhibit A.
Area Developer shall be solely responsible for identifying, submitting for Franchisor's approval, and securing specific sites for each Franchised Facial Bar.
Area Developer acknowledges that, other than providing its criteria for site approval for the Franchised Facial Bar, Franchisor provides no site-selection assistance.
Area Developer acknowledges and agrees Franchisor will not be responsible for Area Developer's results in operating at any particular site that Franchisor may have recommended, reviewed, or approved.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Area Developer acknowledges the importance of adhering strictly to the Development Schedule outlined in Exhibit A of the Area Development Agreement. The Area Developer must ensure that Franchise Agreements for a specific number of Franchised Facial Bars are executed and delivered to Face Foundrie within the timeframes detailed in the Development Schedule. This schedule is a critical component of the agreement, and the Area Developer's commitment to it is essential. Recognizing that time is of the essence, failure to comply with the Development Schedule can result in a default under the Area Development Agreement.
Furthermore, the Area Developer bears the sole responsibility for identifying, seeking Face Foundrie's approval for, and securing suitable sites for each Franchised Facial Bar. Face Foundrie offers site selection guidelines and minimum standards but does not provide direct site-selection assistance, such as visiting potential locations. The Area Developer must provide Face Foundrie with all requested information about prospective sites, and if a site is not approved within thirty days of submitting the required information, it is considered disapproved. The Area Developer also acknowledges that Face Foundrie is not liable for the Area Developer's operational results at any site, even if Face Foundrie recommended, reviewed, or approved it.
In summary, the Area Developer's strict adherence to the Development Schedule is crucial, and they are responsible for all aspects of site selection, including identification, submission for approval, and securing the location. This arrangement places significant responsibility on the Area Developer to manage the development process effectively and meet the agreed-upon timelines. Prospective Area Developers should carefully review the Development Schedule and site selection criteria to fully understand their obligations and the potential consequences of non-compliance.